Thanks for looking into our service! Just a note, we are backlogged by about 1 business day right now for Amazon cards as our volume has seen spikes over the last couple weeks. We should have all orders filled by Monday then back to hourly delivery.

it is a legit service. It is also an expensive service, but legit. Coincards have a great business model, and they could afford to bring the fee down a lot, but they have no competition, so there is no reason why they should. congrats on getting a decent bitcoin business going and hopefully it stays that way.

I just wanted to comment here that we are actually operating at the very lowest profit level that we can. We can't afford to bring our fees down, yet, but we are working on this.

We pay face value for all of our cards offered and as such, our 5% fee needs to cover all operating expenses, staff, advertising, and also needs to act as a buffer against a volitile market.

We are also heavily investing almost all remaining profits right now into a new system designed to increase the user experience and provide customers with instant delivery.

Ultimately our goal is to offer a 0% fee, however it is not possible yet as merchants still will not onboard crypto companies. A 5% profit margin for any company in any industry to operate on is considered VERY slim. We are making it work, but are not by any means making enough to drastically reduce fees and still be viable.

really you guys pay face value ? interesting if true, thanks for the details. Also interesting to note that if someone buys a gift card with a VISA, maybe they get 2% cash.... back so im sure once crypto payments are better....integrated, things will be better.

was just alluding to soft commissions that make up a lot of revenue for this kind of business, or even brokerages for that matter.'

edit: cash back isnt a soft commission. im just saying if you have cash back on a CC, plus CC fees...im sure people understand and i dont have to spell it out, but every single store everywhere sells gift cards...

You add an item to your amazon wishlist, then place an order for someone who wants your crypto to order it for you on purse.io at a discount. Your crypto is put into escrow until you confirm receipt. I've purchased over $50k worth of items through over 100 transactions using this site, savings adds up.

OK, so basically you could get stuff at a discount if you're willing to wait for someone to buy your crypto basically, correct?

You wait for someone to buy whatever you ordered in your wish list, at the discount which you requested. You pay them using your crypto when received. Purse.io merely matches buyers and sellers, and provides escrow.

Can take a few days, depending on item and discount level requested. Took 2 days for my s9+ (20% off) , took three weeks for my phantom 3 drone (25% off).

If you're willing to accept a 5% discount, your order should fill within hours... And you'll save 10% over the coincards option.

Your Amazon wish list can be made public and sent to your friends and family as a guideline for purchasing gifts for you. Amazon allows them to order the products directly from the merchant, directly to you, as a gift. You're basically making a list available for the crypto buyer to do this for you.

How do they not get ripped off? Do you have to pre-pay with crypto?

Your crypto is put into escrow. If you claim that you didn't receive the product and try to scam the other party, purse.io dispute resolution will have to look into the tracking information provided, deal with the merchant who shipped the item to you, etc etc.